TechFlash: Turmoil at Hyperloop One, Skully; SoFi becoming more banklike?

Silicon Valley VCs targeted in explosive lawsuit by Hyperloop One co-founder

The lawsuit accuses the futuristic transportation company's leaders of misusing funds and placing a noose on co-founder Brogan BamBrogan's office chair because of concerns raised by him and other executives.

Investors replace smart motorcyle helmet maker Skully's founding siblings

Marcus Weller has reportedly been replaced as CEO on an acting basis by an experienced manufacturing executive who was brought on as chief operating officer in February.

Funding crunch may make SoFi more like banks it wants to disrupt

A report says the San Francisco-based online lender is considering applying for a banking charter in Utah, offering deposit accounts and credit cards and partnering with a large financial institution.

Google acqui-hires Big Data startup Kifi to bolster Spaces

The Kifi service and data will not become a part of Google. Current users will have the opportunity to export their data over the next few weeks.

What Airbnb's CEO learned from battle with San Francisco

The CEO of Airbnb is bothered by the home-sharing company's ongoing battle with San Francisco, but believes that ultimately the conflict will lead to better policy for both the city and the hospitality industry.

Lyft is losing as much as $50 million a month

President and co-founder John Zimmer prefers to call the red ink "investing" in the No. 2 ride-sharing company. He declined to comment on reports Lyft has hired an investment banker to explore a sale.

Risk management firm Bay Dynamics raises $23M to speed go-to-market strategy

Last year, Bay Dynamics saw its annual recurring revenue on its Risk Fabric analytics software grow 326 percent with zero customer turnover.

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